Micro Economics

These podcasts are based on the Micro Economics column in IEEE Micro. Author Shane Greenstein focuses on a variety of topics, including the adoption of the Internet by households and business, growth of commercial Internet access networks, the industrial economics of platforms, and changes in communications policy.

About Shane Greenstein

Shane Greenstein is the Elinor and Wendell Hobbs Professor of Management and Strategy at the Kellogg School of Management, Northwestern University. He is a leading researcher in the business economics of computing, communications and Internet policy. He has been a regular columnist and essayist for IEEE Micro since 1995, where he comments on the economics of microelectronics.

The podcasts were produced by Tim De Chant, Science Writer and Editor for Kellogg Insight, Northwestern University.

Does Google Have Too Much Money?

Published Date 3/10/11 4:51 AM

For some time the blogosphere has made a ruckus over Google's growing power in the commercial Web. Such concerns probably would have arisen even if the world's developed economies were not in the midst of a painful macroeconomic nadir. In such dismal conditions, however, this extraordinary young firm's wealth makes it a natural target for envy and scrutiny. Is it a problem when a fabulously wealthy firm uses its money to explore grand new projects? If there is an economic problem, it is this: the firm has too much money.

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